Ephraim McDowell Health Care Foundation Inc

Analysis

Ephraim McDowell Health Care Foundation Inc is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ephraim McDowell Health Care Foundation Inc reported income of $800k and spending of $457k, leaving 43% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $721k to $800k (+11%), an average of +2.6% a year. The sharpest change came in the year to September 2020, when income rose by 34%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ephraim McDowell Health Care Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Florida Sterling Council Inc ($800k), Trempealeau County Agricultural Society Inc ($800k) and Operation Help a Hero ($800k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $74k (16% of expenses). Other salaries and wages came to $13k. At year end it held assets of $13.0m against liabilities of $5.1m, net assets of $7.9m. It reported 2 employees.